Lake Shore Gold Increases Interest in Northern Superior Resources Inc.

TORONTO, ONTARIO--(Marketwire - Jan. 31, 2011) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") today announced that the Company has acquired direct ownership of 6,730,769 common shares of Northern Superior Resources Inc. ("Northern Superior"), representing 3.8% of the outstanding shares, through a private transaction, at a price of $0.80 per common share for a total cost of $5,384,615.

As a result of this transaction, as well as prior transactions, Lake Shore Gold now holds 44,930,769 common shares, representing a 25.5% interest in the common shares of Northern Superior. Lake Shore Gold purchased the securities for investment purposes and may acquire additional securities of Northern Superior in the future.

CONTACT INFORMATION:

Lake Shore Gold Corp.
Tony Makuch
President & CEO
(416) 703-6298
info@lsgold.com

or

Lake Shore Gold Corp.
Mark Utting
Vice-President, Investor Relations
(416) 703-6298
info@lsgold.com
www.lsgold.com